The open-source software company is surging more than 13% out of the gates following strong fourth-quarter earnings after-the-close yesterday afternoon.

Oppenheimer (Outperform rating): “While we were pleased to see the company deliver strong results across the board, we were particularly impressed with RHT’s ability to deliver over 30% billings growth and over 20% growth in cash flow from operations ($95.0 million).” Oppenheimer says, and backs an outperform rating.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.